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JM Basic Fund
 


This product is suitable for investors who are seeking* :

  • Capital Appreciation and Regular Income over Long Term.
  • Investment predominantly in Equity & Equity related securities in sectors classified as ‘Basic Industries’ in the normal parlance and in context of Indian Economy.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Investment Objective
The primary objective of the Scheme will be to provide capital appreciation to its Unitholders through judicious deployment of the corpus of the Scheme in sectors categorized under “basic industry” in the normal parlance and in context of the Indian economy, including but not limited to, energy, petrochemicals, oil & gas, power generation & distribution and electrical equipment suppliers, metals and building material. The fund would continue to remain open-ended with a sector focus.

Scheme Features
Inception Date : 2nd June, 1997
Type of Scheme : An open-ended sector scheme
Plans and Options : Dividend Option (Payout & Reinvestment option), Growth Option, (Direct) Dividend Option (Payout & Reinvestment option) & (Direct) Growth Option
Investment Strategy :

Under normal circumstances, the corpus would be invested in equities and equity type securities categorized under “basic industry” in the normal parlance and in context of the Indian economy, including but not limited to, energy, petrochemicals, oil & gas, power generation & distribution and electrical equipment suppliers, metals and building materials. The fund would continue to remin open-ended with a sector focus. Exposure of investment in individual scrip if part of the Sectoral Index shall not be restricted to 10% of NAV as Clause 10 of Seventh Schedule of SEBI Regulations has clarified that the limit of 10 percent shall not be applicable for investments in index fund or sector or industry specific scheme.

Minimum Application Amount / Number of Units : Purchase : Rs. 5,000/- or any amount thereafter
Additional Purchase : Rs. 1,000/- or any amount thereafter
Repurchase : Minimum redemption from existing Unit Accounts for normal transactions other than through STP/SWP would be a) Rs. 500 and any amount thereafter OR b) 50 units or any number of units there after subject to keeping a minimum balance of 500 units or Rs. 5000/- whichever is less. c) for all the units in the folio for the respective plan if the available balance is less than Rs. 500/- or less than 50 units on the day of submission of valid redemption request.
Entry Load : Nil
Exit Load : 1.00% of NAV on all investments (including SIP/STP/SWP) transaction, if redeemed/swithch-out within 3 months of transfer/allotment of units in normal transaction/allotment of units of respective installments in SIP/STP/SWP transactions.
ISIN No. :

Payout - INF137A01011, Reinvestment - INF137A01029, Growth - INF137A01037

Benchmark Index : S&P BSE 200
SIP / STP / SWP Option : Available.
Tax Benefits : Provisions applicable to equity schemes will apply. For more information, click here
Plans / OptionsLatest NAV (Rs.)
Dividend Option16.7500 (08 Dec 2016)
Growth Option23.9874 (08 Dec 2016)
(Direct) Dividend Option17.1651 (08 Dec 2016)
(Direct) Growth Option25.1121 (08 Dec 2016)
Liquidity : Purchase and redemption of Units at NAV based prices on all Business Days. It will be our endeavour to dispatch redemption proceeds at T+3 working days. However, as per regulations, the Fund is required to dispatch redemption proceeds within 10 Business days of receiving valid redemption request.
Fund Manager : Asit Bhandarkar
(Total 12 yrs of experience in fund management & equity research).
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